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in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your reasoning for this. >> if i have created any misperceptions that i favor shorting stocks it is completely out of character with all my books and what i used to do with my hedge fund, when i was working for people at goldman sacks or trading for myself. i always do puts. i rarely do shorts. i was a victim of some horrible short squeezes that lost me a ton of money. use puts. i don't care if there's a premium. let's go to some tweets. here's one from b. kelly 019 @jimcramer. cover calls allow me to print money out of large positions without having to sell. why do you hate th
in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your...
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Nov 2, 2012
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in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your reasoning for this. >> if i have created any misperceptions that i favor shorting stocks it is completely out of character with all my books and what i used to do with my hedge fund, when i was working for people at goldman sacks or trading for myself. i always do puts. i rarely do shorts. i was a victim of some horrible short squeeze that is lost me a ton of money. use puts. i don't care if there's a premium. let's go to some tweets. here's one from b. kelly 019 @jimcramer. cover calls allow me to print money out of large positions without having to sell. why do you hate
in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your...
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Oct 29, 2012
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national priority; building on our manufacturing boom; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >> it's time for "the lightning round." you'll hear this sound and that means the lightning round is over. stu in virginia. >> caller: boo-yeah from virginia. i'm a fisherman and i want to know what l
national priority; building on our manufacturing boom; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america...
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Nov 1, 2012
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i like the way he is thinking about the deficit, reducing the deficit as one of his top priorities and encouraging growth in small businesses and i think he'll lay out if elected he'll lay out a framework, have transparency on the pros, cons and gives people an opportunity to help make the right choices to move forward. >> joe is giving me a hard time as you're talking. >> no, i was kidding andrew, i was going -- >> how can anybody give you a hard time. >> i'm like, cut her off, wrong answer. why did you go there? >> no, i didn't, i wanted to know -- the sentiment in the valley could be changing. am i wrong on that? >> look, everyone is entitled to their own opinion and barack obama according to the polls is going to win california and as he should. there are a lot of supporters. he's a great individual, but i think at the margin when people are focused on small business and growth and opportunities for small business entrepreneurs and reducing regulation i think people do think about different options. >> do you worry about regulation in the tech sector? one of its last industries tha
i like the way he is thinking about the deficit, reducing the deficit as one of his top priorities and encouraging growth in small businesses and i think he'll lay out if elected he'll lay out a framework, have transparency on the pros, cons and gives people an opportunity to help make the right choices to move forward. >> joe is giving me a hard time as you're talking. >> no, i was kidding andrew, i was going -- >> how can anybody give you a hard time. >> i'm like, cut...
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what does the deficit mean long-term, not just why don't i have a better paying job right now. so look, this is a place where people are very financially conservative. it is the midwest. and they're sick of seeing our government spend the way it has been. >> all right, poppy harlow in des moines, thank you very much. >> reporter: the fight for this key battleground state is heating up. we'll show you how they're helping to win over voters. folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy.
what does the deficit mean long-term, not just why don't i have a better paying job right now. so look, this is a place where people are very financially conservative. it is the midwest. and they're sick of seeing our government spend the way it has been. >> all right, poppy harlow in des moines, thank you very much. >> reporter: the fight for this key battleground state is heating up. we'll show you how they're helping to win over voters. folks who save hundreds of dollars...
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. >> we hear a lot of swing voters talking about the deficit and the debt. concerned about the economy, the jobs. but that's not abstract. they understand that on a fundamental level and that's a key pitch the republicans have been making. that issue does resonate with people at their kitchen table. >> all right. great conversation. thank you, guys. >> i got one question. one question for you, don. one question. >> yes. >> we're both in ohio. it is all cold. how come you look like you're on gq and i look like the michelin man. >> you should be asking yourself that question, ali velshi. >> thank you, ali. thank you john avalon. appreciate it. now to some serious news here. a new storm is threatening to make recovery efforts worse in the northeast. our meteorologist chad myers is here to tell us how bad it could be. chad, we're hearing of freezing temperatures, what is going on here? >> freezing temperatures are really the problem. and then there is another storm, a coastal low. sometimes you can call them nor'easters, but this one doesn't qualify as a nor'eas
. >> we hear a lot of swing voters talking about the deficit and the debt. concerned about the economy, the jobs. but that's not abstract. they understand that on a fundamental level and that's a key pitch the republicans have been making. that issue does resonate with people at their kitchen table. >> all right. great conversation. thank you, guys. >> i got one question. one question for you, don. one question. >> yes. >> we're both in ohio. it is all cold. how...
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do we have a long-term plan to get these deficits under control? people just know what the rules are, what the game plan, they can follow it and react to it. there's a huge amount of uncertainty. >> i'm going to ask you to join us. do you think that uncertainty, as sheila is saying, is playing a huge role in all of this? i might interrupt you when these numbers come out. carry on. i'll jump in when the numbers come in from christine. >> the uncertainty is huge. you see it from business investment which is very weak. you're sitting there. there's about to be an election, which could mark a huge shift in policy. you don't know which way it's going to go. you're going to wait until you do a big investment, big hiring. as she wiila said, all these uncertainties about how health care is going to be resolved, fiscal cliff, a lot of uncertainties holding back the economy at the moment. hopefully some of it will get resolved soon. >> i'm going to read a quote, grover, from you to everybody. you said this we have to dramatically reduce the cost of defense,
do we have a long-term plan to get these deficits under control? people just know what the rules are, what the game plan, they can follow it and react to it. there's a huge amount of uncertainty. >> i'm going to ask you to join us. do you think that uncertainty, as sheila is saying, is playing a huge role in all of this? i might interrupt you when these numbers come out. carry on. i'll jump in when the numbers come in from christine. >> the uncertainty is huge. you see it from...
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he also said he would cut the deficit in half. he doubled it. he was going to get unemployment down to 5.2% right now. we just learned on friday it's up to 7.9%. >> earlier in the day, the candidate's wife, ann romney, visited the back of the campaign plane and handed out breakfast food to the reporters covering the race for the last year and a half. asked how she's feeling about the race, she said she's been touched by the people she's run across in the final weeks of the campaign. people have come up to her and told her about their struggles in this economy right now. as for this campaign, the way this is going to wrap up this weekend is that mitt romney is going to be heading off to ohio on sunday, and also pennsylvania, a battleground state, they believe they're now putting into play, and by the looks of it, it's getti more and more competitive as we head towards election day. jim acosta, cnn, dubuque, iowa. >> thanks so much, jim. not just the white house. democrats and republicans are waging a fierce fight for control of the u.s. house. he
he also said he would cut the deficit in half. he doubled it. he was going to get unemployment down to 5.2% right now. we just learned on friday it's up to 7.9%. >> earlier in the day, the candidate's wife, ann romney, visited the back of the campaign plane and handed out breakfast food to the reporters covering the race for the last year and a half. asked how she's feeling about the race, she said she's been touched by the people she's run across in the final weeks of the campaign....
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and greece, but we have been, for a long, long time, we have been very, very worried about the deficit, about the buildup of debt in america. to compare it to greece is quite an extraordinary one. if you go to greece, you wander around athens, you have the threat of ethnic violence. i think all presidential candidates are allowed a degree of hyperbole, but i think on that particular question he's got a long way. >> other nations are looking forward to this election because they're thinking about the trade opportunities, they're looking at the promotion of peace, they're looking for opportunities of diplomacy. but is there more at stake in this election, 2012, that we didn't see in 2008? >> i think there probably is from a realistic stand. one one, it's very close. two, with romney we don't know exactly what sort of foreign policy he would follow. the romney of the most recent debates was saying very different things than what was being said before. if you want one example of things that could flub up from day one, romney has said if he becomes president, he would declare china a curren
and greece, but we have been, for a long, long time, we have been very, very worried about the deficit, about the buildup of debt in america. to compare it to greece is quite an extraordinary one. if you go to greece, you wander around athens, you have the threat of ethnic violence. i think all presidential candidates are allowed a degree of hyperbole, but i think on that particular question he's got a long way. >> other nations are looking forward to this election because they're...
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governor romney touting what his final arguments say, pointing out the growing deficit and the economy problems under the obama administration. so those are the final messages that they're targeting toward those undecided voters, but for the 47% who have made up their mind, it's all about getting them to the polls right now. and in the last 48 hours of the campaign, you're going to see -- governor romney getting his last campaign appearance right here in new hampshire on monday nighnigh night. even though there's only four electoral states, there's a couple of scenarios when those four votes could come in handy. >> david mattingly, stay warm there in new hampshire. >>> the outcome of tuesday's election will have an impact on wall street as well as main street. in a minute we'll find out what impact. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. we don't let frequent heartburn come betwe
governor romney touting what his final arguments say, pointing out the growing deficit and the economy problems under the obama administration. so those are the final messages that they're targeting toward those undecided voters, but for the 47% who have made up their mind, it's all about getting them to the polls right now. and in the last 48 hours of the campaign, you're going to see -- governor romney getting his last campaign appearance right here in new hampshire on monday nighnigh night....
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the reason is the focus is on jobs and the economy, dealing with the debt and the deficit. i have talked to so many women who say the number one reason that they're voting for mitt romney is $16 trillion in debt. you know that i felt as if president bush and everyone has spent too much money and that the spending has to be dealt with. mitt romney has said that is a day one order for him, to work on getting that spending under control. and i think that because of that, election day you're going to see a romney win. >> marsha blackburn joining us this morning. thank you for joining us. >> good to see you. thank you. >>> coverage of election night in america we start at 6:00 pm eastern time. how about a question? not even a question. >> wow! >> wow! >> i have no power. >> i don't forgive you. ahead on "starting point" troops carrying patients down the stairs after backup power has failed at another new york city hospital. dr. sanjay gupta will join us live with that effort there. what if there was a new way to deal with money that focused less on fees and more... on what matte
the reason is the focus is on jobs and the economy, dealing with the debt and the deficit. i have talked to so many women who say the number one reason that they're voting for mitt romney is $16 trillion in debt. you know that i felt as if president bush and everyone has spent too much money and that the spending has to be dealt with. mitt romney has said that is a day one order for him, to work on getting that spending under control. and i think that because of that, election day you're going...
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we have a work deficit. we have got to fix that. and i will do everything i can to ensure that quality education is what we are all about as a state and the country. >> senator hatch. >> i think quality important -- at a quality education is very important. now i am a strong supporter of student loans. no question about it. the fact of the matter is, democrats want to keep spending. and then the demand taxes so they can pay for it. the fact is that we support government. i do not know who would not support them. our education system in utah is -- is a good education system. we have to get things under control. the only way to do that seems to me is to get enough of us who are fiscal conservatives back there so that weekend. like they say the first balanced budget and over four years occurred mainly because of a first republican congress. and i will get to the point to. >> your swung around and did it. >> every bottle on this? >> i would just like to say something really quick. my opponent voted for the largest bailout in history of
we have a work deficit. we have got to fix that. and i will do everything i can to ensure that quality education is what we are all about as a state and the country. >> senator hatch. >> i think quality important -- at a quality education is very important. now i am a strong supporter of student loans. no question about it. the fact of the matter is, democrats want to keep spending. and then the demand taxes so they can pay for it. the fact is that we support government. i do not...
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Oct 28, 2012
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that your primary purpose and what you wanted to control government for was to control out of control deficit spending. >> so you'd leave that window open for 2016? >> you know, nobody knows what happens a week from tuesday and we'll see what happens a week from tuesday, but my primary purpose now is i have gone around the country campaigning for governor romney, and i'm hoping that governor romney wins is a week from tuesday. >> susan? >> senator, another important component next tuesday is obviously the senate and you need four seats to take control, for republicans to take control, and it looked as though things were going in favor of the republicans for a while recall but there are a couple of races where things are not going so well due to some controversial statements that the tea party republican candidates have made and some people are arguing now that this is another instance where the tea party is it dragging down the republicans' efforts to take over the senate. we have todd aiken in missouri, recently who made some statements that were controversial and richard murdoch just now in
that your primary purpose and what you wanted to control government for was to control out of control deficit spending. >> so you'd leave that window open for 2016? >> you know, nobody knows what happens a week from tuesday and we'll see what happens a week from tuesday, but my primary purpose now is i have gone around the country campaigning for governor romney, and i'm hoping that governor romney wins is a week from tuesday. >> susan? >> senator, another important...
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trillion dollar deficits. we have for the last four years. >> i think we have to move along the lines of the simpson-bowles plan, a balanced approach that addresses the issues. we're going to try to get our spending down to 21% of gdp. >> president obama did not originally go for it. >> nobody did. i would. a lot of this is getting rid of tax expenditures which are loopholes. we can raise a lot of revenues by getting rid of loopholes. royalties to coal companies. rate oil companies. these are what we call attack expenditures. take them away and we can get more revenue. >> we can cut everything we possibly can to the bone. we cannot pass this down the road to our kids and grandkids. we have to be serious. we have to do the heavy lifting. >> let's wish to medicare. do you support paul ryan's plan that would change medicare for people who are under the age of 55? some people have called it a vulture system. >> i support saving medicare, in favor of the principles of the ryan plan. it was a group of principals. th
trillion dollar deficits. we have for the last four years. >> i think we have to move along the lines of the simpson-bowles plan, a balanced approach that addresses the issues. we're going to try to get our spending down to 21% of gdp. >> president obama did not originally go for it. >> nobody did. i would. a lot of this is getting rid of tax expenditures which are loopholes. we can raise a lot of revenues by getting rid of loopholes. royalties to coal companies. rate oil...
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heed cut the deficit in half, heed bring everybody together. the deficit has doubled. it's the most partisan time we've had and just look at the jobs that didn't occur. we got a new jobs report today. unemployment is higher than the day he took office. you got 23 million americans struggling for work today. 15% of our fellow citizens living in poverty today. that's the highest in a generation. all those jobs he said heed create if he borrowed a lot of money and gave it to these interest groups, it didn't material lies. we have a jobs crisis. wouldn't it be nice to actually have a job creator in the white house for a change? [applause] four years ago i want to read you a quote. if you don't have fresh ideas, use stale tactics to scare voters. if you don't have a record to run on then you paint your opponent someone should one from. you make a big election about small things. you know who that was four years ago. so you do know who that was four years ago. that's what president obama when he was candidate said four years ago and that's exactly what he has become. here's
heed cut the deficit in half, heed bring everybody together. the deficit has doubled. it's the most partisan time we've had and just look at the jobs that didn't occur. we got a new jobs report today. unemployment is higher than the day he took office. you got 23 million americans struggling for work today. 15% of our fellow citizens living in poverty today. that's the highest in a generation. all those jobs he said heed create if he borrowed a lot of money and gave it to these interest groups,...
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voted for you if the new york primary purpose was to control government and control out of control deficit spending. >> what about 2016? >> nobody knows what happens to a week from tuesday. we will see what happens a week from tuesday. my primary purpose is going around the country campaigning for governor romney. i hope governor romney wins a week from tuesday. >> susan ferrechio. >> another component is the senate. you need four seats for republicans to take control. it looks as if things were going -- looked as if things were going in favor of the republicans for a while. there were some sleep -- there were some controversial statements tea party republicans have made. the tea party is tracking down the republican efforts to take over the senate. we have todd akin in missouri and richard mourdock in indiana. those seats were looking in favor of republicans and now are less so. can you talk about where you think the tea party has struggled to get republicans elected. are they a drag on the ticket as some people are saying? >> those who think the tea party is a drag on the ticket are not
voted for you if the new york primary purpose was to control government and control out of control deficit spending. >> what about 2016? >> nobody knows what happens to a week from tuesday. we will see what happens a week from tuesday. my primary purpose is going around the country campaigning for governor romney. i hope governor romney wins a week from tuesday. >> susan ferrechio. >> another component is the senate. you need four seats for republicans to take control....
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on reducing the deficit without burdening the middle- class? >> the big thing we have to do, we put together cap and balance which would cap the spending. we are spending $1 trillion more every year. we have to look at the baseball spending. there are billions of dollars. we talk about taxing millionaires and billionaires. where are we going to get the other twin dollars to balance the budget -- the other trillion dollars to balance the budget? if we put more regulations and taxes on american companies, they will either shut down or leave the country. we see it here in illinois all the time. the more people we put back to work, the more that are paying taxes, then we can pay toward the deficit. >> the same question to cheri bustos. >> i think the first step is to approach it in a balanced way. get rid of the tax cuts for the millionaires. that is a huge part of starting to balance this budget. the fact that congressman schilling is continuing to work so hard and is not willing to even take a look at that, that is a big part of the problem. yes,
on reducing the deficit without burdening the middle- class? >> the big thing we have to do, we put together cap and balance which would cap the spending. we are spending $1 trillion more every year. we have to look at the baseball spending. there are billions of dollars. we talk about taxing millionaires and billionaires. where are we going to get the other twin dollars to balance the budget -- the other trillion dollars to balance the budget? if we put more regulations and taxes on...
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Nov 4, 2012
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we have to reduce our deficit -- deficit. we have to do it and a balanced way. i have $1 trillion of spending -- i caught $1 trillion of spending. once you get in office like it does noteney said, matter. we need to ask the wealthiest americans to go back to the tax rates they pay when president clinton was in office. the reason is that budget is about choices, priorities. as long as i am president, i will not turn medicare into a voucher to pay for another millionaire tax cut. so, virginia, we know what changes. we know what the future requires. we know also that it will not be easy. back in 2008 i talked about this. i warned some of the. maybe you were not believing me. i said change, real change is not just about changing presidents or changing parties. it is about changing our policy is. i ran because the voice of the american people, your voice, had been shut out of our democracy by lobbyists and special interests and politicians who are willing to say and do anything to keep things the way they are. the protectors, the guardians of the status quo. and that
we have to reduce our deficit -- deficit. we have to do it and a balanced way. i have $1 trillion of spending -- i caught $1 trillion of spending. once you get in office like it does noteney said, matter. we need to ask the wealthiest americans to go back to the tax rates they pay when president clinton was in office. the reason is that budget is about choices, priorities. as long as i am president, i will not turn medicare into a voucher to pay for another millionaire tax cut. so, virginia, we...
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this deficit could crush future generations. republicans and democrats both loved america. we need to have leadership in washington to bring people together and get the job done. i could not care less if it is a republican or democrat. host: i want to show you some articles that are in the paper. this is from "the financial times." this is in the "the wall street journal" this morning -- a new poll. wisconsin, 49% to 46%. in "the washington post," election costs continue to climb. this from "the hill" newspaper -- beverly from north carolina on our democrats' line. who is best equipped to reach across the aisle? caller: of course, it is president obama. everything that the other guy said before you had a commercial is true. mitt romney is a joke. if the same republicans come back into congress and do the same things they have done before in the house particularly we only have two years to get rid of every one of them. i hope they all go. god bless america. bye. host: three more articles and then we are going to switch topics. this is the lead story on "daily caller" this mo
this deficit could crush future generations. republicans and democrats both loved america. we need to have leadership in washington to bring people together and get the job done. i could not care less if it is a republican or democrat. host: i want to show you some articles that are in the paper. this is from "the financial times." this is in the "the wall street journal" this morning -- a new poll. wisconsin, 49% to 46%. in "the washington post," election costs...
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the tea baggers saying the paoeeopl shouldn't depend on fema because they were so interested in their deficit. i think that is terrible because that is one thing that people rely on is the federal government at a time like there. there is a catastrophe for a lot of people. you have a lot of people that have lost everything and they need help. but then you have the republican side that has really denigrated people who need help. they are always talking about people on food stamps, or people taking welfare and denigrating those people. and then you have a lot of callers that call in talking about this person is taking it from us or they should not have it. and you have a lot of people like people that are affected by there storm that are going to need help and i don't know if the federal government is going to be able to come together soon enough to be able to help these people quickly. congress is out and they didn't even do anything about the promise for the drought. so, i think that they just don't care. host: what about privatize iinge response to disaster to make sure that politics and par
the tea baggers saying the paoeeopl shouldn't depend on fema because they were so interested in their deficit. i think that is terrible because that is one thing that people rely on is the federal government at a time like there. there is a catastrophe for a lot of people. you have a lot of people that have lost everything and they need help. but then you have the republican side that has really denigrated people who need help. they are always talking about people on food stamps, or people...
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he promised to cut the deficit in half, he doubled it. how about his budget? it failed to win a single vote either republican or democrat in either house of the congress. he said he would reform medicare and social security and save them from pending insol venssi but he shrunk from proposing any solution at all. where are the jobs? where are the 9 million more jobs his stimulus would have created by now? they're in china, mexico, canada, in countries that have made themselves more attract tive while obama's policies have made it less attract tive here. his campaign tries to minimize the failures and to make this election about small shiney objects. it matters more than that. it matters to your family and the senior who needs an appointment met by a receptionist saying medicare isn't taking any patients i. it matters to the man in wisconsin i spoke with a few days ago and he used to have a job at there are 25 an hour with benefits and now has one at $8 an hour without benefits. it matters to the college student with $20,000 of student debt who now learns she'll
he promised to cut the deficit in half, he doubled it. how about his budget? it failed to win a single vote either republican or democrat in either house of the congress. he said he would reform medicare and social security and save them from pending insol venssi but he shrunk from proposing any solution at all. where are the jobs? where are the 9 million more jobs his stimulus would have created by now? they're in china, mexico, canada, in countries that have made themselves more attract tive...
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the deficit is now $1 trillion this year. he has added 50% to our debt to the point that it has gone to $16 trillion. does that sound like it is working to you? and when he pushed to the health care bill through, he said, if you pass this legislation, we will reduce health-care costs. the reduction will be about $2,500. it actually has increased costs by about $2,500. does this sound like it is working? we are in the right place. and then the stimulus package, when he said i want a trillion dollars of your money, he took our money plus the bar a bunch from china. trillionet's put a dollars and see what happens. he says today unemployment would be 15% lower than it is. that is 9 million jobs short. does this sound like it's working? it is not. what is even more discouraging is looking at what he wants to do over the next four years. it is more of the same. there are some exceptions. he has protected and our jobs and ensure we have the military second to none to keep the peace. i get to work with him. host: for the past week an
the deficit is now $1 trillion this year. he has added 50% to our debt to the point that it has gone to $16 trillion. does that sound like it is working to you? and when he pushed to the health care bill through, he said, if you pass this legislation, we will reduce health-care costs. the reduction will be about $2,500. it actually has increased costs by about $2,500. does this sound like it is working? we are in the right place. and then the stimulus package, when he said i want a trillion...
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you voted and the results increased our deficit by 200 billion, billion with a b dollars. >> find a key governors races from across the country on c- span, c-span radio and c- span.org/campaign2012. host: we turn our attention now to the history of the october surprise. or events that happened before an election. our guest is joining us from their studios in washington you wrote that the october's surprise is a long story and mostly exaggerated history. so, why we have october surprises and what are they? guest: the notion of the last minute big moment that changes the trajectory of any given rate, started back in 1972 when henry kissinger said that a couple days before the presidential election that there is a possibility of the peace during the vietnam war, just before the election it was seen as an effort to try to get those last few voters that were upset with president nixon over in the vietnam war in his camp. it turns out he did not need them. and in every subsequent presidential race, the media is looking for the big game changing moment in the last month that could move a lot o
you voted and the results increased our deficit by 200 billion, billion with a b dollars. >> find a key governors races from across the country on c- span, c-span radio and c- span.org/campaign2012. host: we turn our attention now to the history of the october surprise. or events that happened before an election. our guest is joining us from their studios in washington you wrote that the october's surprise is a long story and mostly exaggerated history. so, why we have october surprises...
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indiana ran deficits. when mitch daniels came into power a couple of years later on but is that you helped write, indiana was $700 million of the internet and had a deficit of $820 million. facts are stubborn things. i would like to know from my colleagues on stage how we are going to make sure to preserve the fiscal integrity of the state of indiana. >> if you has been the last years of indiana rather than congress, you know our balance has to be passed in indiana according to the constitution. i have passed bipartisan balanced budgets. they were supported by david longed in our lieutenant governor. i find it almost laughable that the united states congressman would lecture anybody about this responsibility. you voted not once, twice, but five times -- the results increased the deficit by $200 billion. >> find a key house, senate, and gov. races across the country on c-span, as his band radio, and c-span.org/campaign2012. >> debate coverage continues tomorrow night with rhode island oppose the first distr
indiana ran deficits. when mitch daniels came into power a couple of years later on but is that you helped write, indiana was $700 million of the internet and had a deficit of $820 million. facts are stubborn things. i would like to know from my colleagues on stage how we are going to make sure to preserve the fiscal integrity of the state of indiana. >> if you has been the last years of indiana rather than congress, you know our balance has to be passed in indiana according to the...
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from where we work, a whole that was dug with some ideological policies, blow a hole in the budget deficit, and the economy collapses? i would like to ask those people. if these policies were so great, why did they not work in the last 10 years? i realize we have a lot more and permission in our society today, but it was not that long ago -- there is a lot more information in our society today. the president has dug us out of that hole and has as moving in the right direction. there is a jobs bill that any economist who is being objective about it says will create over 1 million new jobs. gives some money to the roads and bridges projects that we need done and make sure local governments are not laying off police, fire, and teachers. let's move the economy forward and create jobs, making investments into the new energy sector, investments in research and development to create the jobs of the future so that places like ohio can keep going with exactly what it is that we have been doing and build on the auto industry, the steel industry, and get into these new industries. we are heading a ro
from where we work, a whole that was dug with some ideological policies, blow a hole in the budget deficit, and the economy collapses? i would like to ask those people. if these policies were so great, why did they not work in the last 10 years? i realize we have a lot more and permission in our society today, but it was not that long ago -- there is a lot more information in our society today. the president has dug us out of that hole and has as moving in the right direction. there is a jobs...
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will shoot to the deficit up. we know what the right choice is but let's face it, governor romney is a talented salesman. in this campaign, he has tried to -- as hard as he can to repackage the same policies and offer them up as change. but we know what change looks like. what the governor is offering ain't it. giving more power back to the biggest banks is not change. another $5 trillion tax cut that favors the wealthy is not change. refusing to answer questions about the details of your policy until after the election, that's not change. we have seen that before. we have seen that before. [applause] ruling out compromised by rubber stamping the tea party agenda in congress is not change. by the way, when you try to change the facts because they are inconvenient for your campaign, that is definitely not change. [applause] trying to massage the fed, that is not change. that's just -- [applause] we have been seeing this out of governor romney and his friends or the last two weeks right here in ohio. at to got folks
will shoot to the deficit up. we know what the right choice is but let's face it, governor romney is a talented salesman. in this campaign, he has tried to -- as hard as he can to repackage the same policies and offer them up as change. but we know what change looks like. what the governor is offering ain't it. giving more power back to the biggest banks is not change. another $5 trillion tax cut that favors the wealthy is not change. refusing to answer questions about the details of your...
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we need to take our $16 trillion deficit seriously. my opponents refusal to talk about the corporations to millionaires and billionaires, that blows another dollars trillion to our deficit. this is an ideal place where cuts are available and cuts are demanded by people. >> final question before we get to closing statements. it will be asked by our student body president. >> currently, congress has the lowest approval rating in history. many feel because of -- it is because of his partisan politics. what d.c. for us coming together to get things done? >> we have to have bipartisan solutions so we can move changes forward in washington d.c.. how do we do that? we send people like me who have a proven record of working in a bipartisan way to get things done. that is what i said. many in this district are democratic mayors and they support me. that is the way i will operate in washington. to be able to find those we can work with. we will be able to have leaders go in and lobby, be a person ready to make changes. go get more votes for what
we need to take our $16 trillion deficit seriously. my opponents refusal to talk about the corporations to millionaires and billionaires, that blows another dollars trillion to our deficit. this is an ideal place where cuts are available and cuts are demanded by people. >> final question before we get to closing statements. it will be asked by our student body president. >> currently, congress has the lowest approval rating in history. many feel because of -- it is because of his...
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we move on to economy, taxes, and the deficit, your math. speak to the constituents in your case in district 18 and talk about why when this country collects $2.50 trillion in revenue, why do we need more? why do we need to tax anybody more and speak about your stand on the expiration of the bush tax cuts? >> i do not support raising taxes on the middle class. i am more conservative than those in the party. the bush tax cuts should be extended for those who make less than $1 million. i would draw a line at the million dollars. a lot of small businesses are s corporations. we need major tax reform. i have seen what companies do and individuals do, and there are way too many loopholes. the fact that shell and ge are paying basically 0% in taxes, that is not sustainable. >> what kind of impact would that have in terms of revenue? >> right now we have a progressive tax code system. before we departed congress this fall, we passed legislation that said let's go to 25% and 10%. that is exactly what we need for small business owners. as you lower i
we move on to economy, taxes, and the deficit, your math. speak to the constituents in your case in district 18 and talk about why when this country collects $2.50 trillion in revenue, why do we need more? why do we need to tax anybody more and speak about your stand on the expiration of the bush tax cuts? >> i do not support raising taxes on the middle class. i am more conservative than those in the party. the bush tax cuts should be extended for those who make less than $1 million. i...
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when i came into office, governor mcdonnell closed the deficit without raising taxes. we rejected kaine's tax increase rejected 97-0 of the house of delegates and rejected his drastic cuts to northern virginia schools of $120 million. we reopen that the rest stops that he closed. government donald open them. -- governor mcdonnell opened them. and the billion dollars in transportation we went back to work force. george allen has a reputation for balancing budgets. he did not as governor ever tried to raise taxes. he was a leader in congress not taxing the internet. the internet is such a big part of virginia business and allowing it to thrive has been great and it is a great part of george allen's legacy. looking forward to having someone in there who would be a champion for our defense industry, a champion for our tech industry and able to cut budgets carefully without increasing taxes and being a partner for mr. romney who did it in massachusetts. if he could do it in massachusetts, he could do it anywhere. host: one of the co-chairs for romney for virginia campaign a
when i came into office, governor mcdonnell closed the deficit without raising taxes. we rejected kaine's tax increase rejected 97-0 of the house of delegates and rejected his drastic cuts to northern virginia schools of $120 million. we reopen that the rest stops that he closed. government donald open them. -- governor mcdonnell opened them. and the billion dollars in transportation we went back to work force. george allen has a reputation for balancing budgets. he did not as governor ever...
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almost every plan for reducing deficits and the national deficit calls for some closing of tax loopholes if you agree with that come out what specific new polls should congress closed? >> could you repeat your question? >> almost every plan for reducing the deficit call for closing tax loopholes. although the tax forgiveness was put there to benefit one interest group or another, if you agree with that, what specific new polls should congress closed? >> the big picture, our tax system is a mess. what we have done in the house cannot and 1-year extension on the existing tax structure, and then do a comprehensive tax reform over the next year that would lower the top corporate rate as well as individual rights and remove loopholes as you said and things that quite frankly you need is an attorney and accountant to figure out how to get them. we want to some of the tax code. our challenge is getting agreement on the other side to start in that direction. the senate has passed a death tax of 55% over $1 million. this is a total difference of where we need to go. from my perspective there is a
almost every plan for reducing deficits and the national deficit calls for some closing of tax loopholes if you agree with that come out what specific new polls should congress closed? >> could you repeat your question? >> almost every plan for reducing the deficit call for closing tax loopholes. although the tax forgiveness was put there to benefit one interest group or another, if you agree with that, what specific new polls should congress closed? >> the big picture, our...
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we've had trillion dollar deficits each and every year. remember when he said he'd bring people together to solve the country's biggest problems? this is the third president i've served with, it's the most partisan atmosphere i've ever seen. look, look at john casey. i learned a lot from that man. i came in as a young guy in congress, under his leadership, working on the budgets committee. kind of basically following the same trail that he blazed. here's a guy who sees a problem and runs at the problem. that's what leadership is. that's what leaders do. we've got big problems. we don't want a president blaming somebody else for four years, we don't want a president ducking the toughish use, demagoguing the other party. we want a president who will lead and fix this mess in washington and run at our problems and solve our problems and get this country back on the right track. plagu[applause] >> so it's not enough for us to simply complain about the broken promises or to highlight the fact that president obama can't run on his record, so he'
we've had trillion dollar deficits each and every year. remember when he said he'd bring people together to solve the country's biggest problems? this is the third president i've served with, it's the most partisan atmosphere i've ever seen. look, look at john casey. i learned a lot from that man. i came in as a young guy in congress, under his leadership, working on the budgets committee. kind of basically following the same trail that he blazed. here's a guy who sees a problem and runs at the...
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when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted five times, congressman, you you voted and the results increased our deficit by $200 billion with a b dollars. >> find key house and governor races on c-span campaign 2012. >> an update on hurricane sandy coming up at about 2:30 eastern which up until then with an election a few days away a look at new hampshire. >> fst past week we've been taking a look at nine swing states and today we put the spotlight on the state of new hampshire. with the small state up in the northeast corner holding 4 electoral votes. right now its unemployment rathe 5.7%. and president obama won
when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about...
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[applause] we know what is going to grow jobs, reduce the deficit. and let me tell you, what governor romney is offering eight it. it is not it. giving more power back to the biggest banks is not changed. leaving millions without health insurance, that is not changed. . a another $5 trillion tax cut that favors the wealthy, that is not change. [applause] refusing to answer questions about the details of your policies -- not change. rolling out a compromise by pledging the tea party's agenda, that is not changed. that is the attitude in washington that we have got to change. host: as the campaign moves on, recovery continues from hurricane sandy sweeping through the mid-atlantic and the northeast. here is a headline from the "the wall street journal" -- million stuck in dark and cold. i want to point to the headline on the front page of the "daily news" -- gas prices add to hurricane wpes. and "baltimore sun" -- reeling under weight of snow. now we want to turn to new jersey. we are joined by republican congressmen and new jersey. first, i want to get
[applause] we know what is going to grow jobs, reduce the deficit. and let me tell you, what governor romney is offering eight it. it is not it. giving more power back to the biggest banks is not changed. leaving millions without health insurance, that is not changed. . a another $5 trillion tax cut that favors the wealthy, that is not change. [applause] refusing to answer questions about the details of your policies -- not change. rolling out a compromise by pledging the tea party's agenda,...
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to balance our budget, to cut taxes, to also reduce the deficit. my vote is mack. host: talk about commercials and ads on this race you have seen. especially the past couple of days and what you have been experiencing. caller: there are negative ads on both sides. never know what to believe. you see all kinds of negative things. the democrats, all kinds of negative things, the republicans. but you cannot base your vote on that. you have got to get their policies, principles, platforms, what they stand for, if they are conservative or liberal, and then, vote on that basis. host: had a thing florida will go over all? caller: overall it is one to go for romney. the polls are showing a couple point advantage to mitt romney. nelson, the democrat is ahead of mack, but we are all voting for mack and help him. host: wisconsin, on our line for independents. caller: appalling about the woman from wisconsin, my state about the woman from a woma from wisconsin. they say the debt is being rolled over. he is not fiscally responsible. he was nicknamed taxing it tummy when he was
to balance our budget, to cut taxes, to also reduce the deficit. my vote is mack. host: talk about commercials and ads on this race you have seen. especially the past couple of days and what you have been experiencing. caller: there are negative ads on both sides. never know what to believe. you see all kinds of negative things. the democrats, all kinds of negative things, the republicans. but you cannot base your vote on that. you have got to get their policies, principles, platforms, what...
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especially on the debt and the deficit, the president's proposal was more realistic and it would have less of a shock to the system in the country and lead -- in that it would balance spending cuts. we like is more balanced approach to energy. we are in favor of obamacare. the editorial board was in favor of a public option so it did not go far enough for us. on social issues, immigration reform, women's rights, birth control, the editorial board aligns more with the president's policies. that is where we came down. we said that the voters are being asked by both candidates to take a leap of faith. given what we know about the previous four years, we decided that it was going to be an easier but to go with the president for four more. host: how many times have you seen president obama, governor romney, or their surrogates in your state? guest: president obama has been here eight times this year, governor romney has been here 6. paul ryan may be eligible to vote, he's been here that much. joe biden has been here once. we have had a lot of its from michelle obama. we have seen plenty of
especially on the debt and the deficit, the president's proposal was more realistic and it would have less of a shock to the system in the country and lead -- in that it would balance spending cuts. we like is more balanced approach to energy. we are in favor of obamacare. the editorial board was in favor of a public option so it did not go far enough for us. on social issues, immigration reform, women's rights, birth control, the editorial board aligns more with the president's policies. that...
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so i don't think that -- someone asked me if those outside groups would make up for romney's deficit on the campaign level, and i don't think that's true. i think they're on a par or maybe even more of an advantage for democrats when you count those outside groups. host: the caller also mentioned the electoral college. and because the swing states, florida, ohio, pennsylvania, virginia, nevada, some of these, have more electoral college votes than some of the other smaller states, and the candidates are spending more time in these particular states, do you see a smaller or a larger ground game in states that don't get visited, states like washington, hawaii, california, new york, texas. those states are already in one column, or their electoral college votes are so small, do you see a bigger ground game effort to make up for the fact that the candidate just isn't going to come there? guest: no, you see almost no ground game in swings that are not swing states. now, there are some swing states that are quite small in terms of electoral votes and physical size, like new hampshire, iowa
so i don't think that -- someone asked me if those outside groups would make up for romney's deficit on the campaign level, and i don't think that's true. i think they're on a par or maybe even more of an advantage for democrats when you count those outside groups. host: the caller also mentioned the electoral college. and because the swing states, florida, ohio, pennsylvania, virginia, nevada, some of these, have more electoral college votes than some of the other smaller states, and the...
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dan's plan covers 5% of the deficit. so they have to tell us what programs are they going to cut, or do they plan on running deficits. >> moderator: you get another 30 seconds. maffei: the facts are 70% and actually about 81% of what the president was raising. >> moderator: that's why we're all here. let's talk about simpson-bowles and the bipartisan commission that we put together. they started this thing in great detail. the debt and deficit. he came up with a plan to reduce it. among other things, it would simplify and lower tax rates across the board. but it would also limit some very popular deductions to bring in more revenue. mortgage interest deductions and health care deductions as well. those that we all enjoy right now. do you support that part of the sensible plans? lower the tax rate but get rid of some of the big deductions that are costing us revenue? rozum: we need to keep the deductions that are helping people. the childcare reductions, the mortgage reductions. lowering the cost of adjustments on social
dan's plan covers 5% of the deficit. so they have to tell us what programs are they going to cut, or do they plan on running deficits. >> moderator: you get another 30 seconds. maffei: the facts are 70% and actually about 81% of what the president was raising. >> moderator: that's why we're all here. let's talk about simpson-bowles and the bipartisan commission that we put together. they started this thing in great detail. the debt and deficit. he came up with a plan to reduce it....
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not do deficit spending. save that money the bankers were making administrating the loans and allow kids to get the loans directly from the school. what congressman akin said is that the federal packing of the loans is a problem. if that federal backing is not there, the private banks will not be making a loan. >> moderator: senator. thank you. we now need to proceed to the next segment of the program the questions from the audience. and the first question will be directed to senator, you will go first and have one and a half minutes. i was born in mexico and immigrated to the u.s. at the age of 4. since then my family and i have kept a close eye on the immigration policy and the working conditions of immigrants. if are re-elected, senator, or if you become a senator, congressman, how do you influence the policy and the related factors? mccaskill, first, we're a nation of immigrant. i'm a prosecutor and i believe in enforcing the law. i don't think anybody should be allowed to jump the line by breaking a law.
not do deficit spending. save that money the bankers were making administrating the loans and allow kids to get the loans directly from the school. what congressman akin said is that the federal packing of the loans is a problem. if that federal backing is not there, the private banks will not be making a loan. >> moderator: senator. thank you. we now need to proceed to the next segment of the program the questions from the audience. and the first question will be directed to senator, you...
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mitch daniels came into power just a couple years later, indiana was $700 million in debt and had a deficit of $820 million. you know, john, facts are stubborn things, and i'd just like to know from my colleagues on stage how are with we going to make sure and preserve the fiscal integrity of the state of indiana? >> congressman if you'd spend the last 12 years in indiana rather than congress, you'd know our budget has to be balanced according to our constitution. i've balanced and produced bipartisan balanced budgets and, oddly, these you talk about, they were supported by fort wayne's own david long and our lieutenant governor, becky skillman. i find it almost laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted not once, not twice, but five times, congressman, you voted -- and the results increased our deficit by $200 billion, billion with a b, dollars. >> find key house, senate and governors races from across the country on c-span, c-span radio and c-span.org/campaign2012. >> our coverage includes the debate between the candidates in rh
mitch daniels came into power just a couple years later, indiana was $700 million in debt and had a deficit of $820 million. you know, john, facts are stubborn things, and i'd just like to know from my colleagues on stage how are with we going to make sure and preserve the fiscal integrity of the state of indiana? >> congressman if you'd spend the last 12 years in indiana rather than congress, you'd know our budget has to be balanced according to our constitution. i've balanced and...
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guinta: put in a solution for dealing with their deficit and debt. with $1.1 trillion a current deficit and $16 trillion in long-term debt. the president of the united states didn't choose any of the ideas and simpson/bowles to put forward in his budget. we in the house took told different ideas within simpson/bowles, passed in the house of representatives. we wait action by the senate, but harry reid, senate majority leader has said he will not pass a budget last year or this year. so it's a tough thing to do when you don't have the senate working the way the houses than working. brownstein miss shea-porter, 30 seconds. shea-porter: the house budget slashes medicare on spending, health care, slashes spending for meals on wheels and spending on education. the only thing the budget does is make life much better for those who are already wealthy and the oil subsidies. they're not going to go to accept a spending budget in the house were they choose to compromise. take a something that is just unacceptable. brownstein or more follow-up. guinta: here's t
guinta: put in a solution for dealing with their deficit and debt. with $1.1 trillion a current deficit and $16 trillion in long-term debt. the president of the united states didn't choose any of the ideas and simpson/bowles to put forward in his budget. we in the house took told different ideas within simpson/bowles, passed in the house of representatives. we wait action by the senate, but harry reid, senate majority leader has said he will not pass a budget last year or this year. so it's a...
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and that they have undermined, disagree or agree, the trust that we enjoy. >> is obviously a trust deficit going on here to put it mildly. and it is sad. but look at -- be used to be that even when cronkite was dubbed the most trusted man in america by equitable in 1972, journalists were ranked very high over of politicians. there were like doctors and rocket scientists. people like reporters. and today they have numbers lower than congress. i mean, you know, which is really saying something. so there is no doubt about it. there has been -- and part of it is the proliferation of so much media. just so much false news and wrong news that gets put out there. we grow. people grow weary of it. >> okay. i think we are about out of time. it will let you go on to your next great program at the but the festival. so lucky to get time with the brinkley. thank you all so much. [applause] [inaudible conversations] [inaudible conversations] >> book tv will be back in about a half-hour with more live coverage of the texas book festival in austin. >> this book is about liberals, not democrats, who are of
and that they have undermined, disagree or agree, the trust that we enjoy. >> is obviously a trust deficit going on here to put it mildly. and it is sad. but look at -- be used to be that even when cronkite was dubbed the most trusted man in america by equitable in 1972, journalists were ranked very high over of politicians. there were like doctors and rocket scientists. people like reporters. and today they have numbers lower than congress. i mean, you know, which is really saying...
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he was headed at $1.2 trillion deficit, now a $1.1 trillion deficit. it is less. it is a god damn lie! but the rest of the media goes i can't do that. i can't tell the american people reality. here's what i'm worried about. i'm worried about that we're in an iraq kind of situation here. what do i mean by that? before the iraq war, the republicans kept insinuating oh, my, saddam hussein iraq, weapons of mass destruction 9-11 iraq. about 70% of the country thought that saddam hussein was personally responsible for 9-11. if i thought that, i would want to invade iraq, too but he wasn't! he wasn't! so the american people were deceived and who helped to deceive them? the american media by calling everything neutral. while the republicans say this and the democrats say that. and now we have one side that lies all the time. systematically and what does the media do? they say this and other guys say that. no. it's not true. the republicans lie professionally. they do it all the time. they do it on purpose! as will you sit there and you wonder my god, how could this race b
he was headed at $1.2 trillion deficit, now a $1.1 trillion deficit. it is less. it is a god damn lie! but the rest of the media goes i can't do that. i can't tell the american people reality. here's what i'm worried about. i'm worried about that we're in an iraq kind of situation here. what do i mean by that? before the iraq war, the republicans kept insinuating oh, my, saddam hussein iraq, weapons of mass destruction 9-11 iraq. about 70% of the country thought that saddam hussein was...
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the huge issue is not the deficit number itself. it's the ratio of the debt to the economy over all. if the economy is growing because government is the spender of last resort and encouraging investment, education, job training, infrastructure, that growth actually enables the debt to shrink as proportion of the economy over all. europe and particularly spain and britain are the worst examples. they embarked on austerity economics, what happens? they actually shrink their economy. they go into recession, and their debt or deficit becomes a bigger problem as as the overall economy. >> eliot: i want to take snippets of this conversation and send it to every voter, and that would be a guarantee that there would an second term for president obama. previews of uc berkeley goldman school of public policy. as always, thank you. >> thanks. >> eliot: dennis kelleher president and ceo of better markets, nonpartisan organization promoting public interestage financial reform. den, you heard robert reich who has not gotten enough attention that
the huge issue is not the deficit number itself. it's the ratio of the debt to the economy over all. if the economy is growing because government is the spender of last resort and encouraging investment, education, job training, infrastructure, that growth actually enables the debt to shrink as proportion of the economy over all. europe and particularly spain and britain are the worst examples. they embarked on austerity economics, what happens? they actually shrink their economy. they go into...